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Osino Resources set to get drill bits turning again in Namibia as coronavirus lockdown restrictions are eased

Work will start again on May 5, with diamond drilling and the IP survey at the prospect getting underway shortly after that

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Osino reiterated that it aims to complete its exploration program before the end of 2020

Osino Resources Corp (CSE:OSI) has revealed that its 20,000 metre (m) drill program at the Twin Hills Central Discovery in Namibia will begin again after being on hold for a month due to coronavirus pandemic restrictions.

In a statement, the firm said work will start again on May 5, with diamond drilling and the IP survey at the prospect getting underway shortly after, and it reiterated that it aims to complete the exploration program before the end of 2020.

READ: Osino Resources outlines this year's Namibian exploration plans; 20,000m drill program expected to start mid-March

"We are very pleased that the lockdown restrictions in Namibia have been partially lifted, enabling Osino to re-commence our planned, intensive drill program," Heye Daun, Osino CEO, told investors.

"During the remainder of the year our primary objectives are to grow and better define the Twin Hills gold discovery and to accelerate our exploration activities in general."

Daun said the downtime had been used productively by the company, noting it had carried out a structural geology review, hyperspectral core scanning and some other ancillary studies.

Hyperspectral drill core imaging was completed on two diamond drill holes from Twin Hills Central, which highlighted several subtle alteration and lithological changes which could help to understand higher-grade gold mineralization, the firm said.

Namibia has thus far been minimally affected by coronavirus. There have been 16 confirmed cases, eight recoveries and no deaths, and since April 5, 2020, no new cases have been recorded.

The lockdown was initially announced on March 17, when the country's president Hage Geingob declared a state of emergency which culminated in a 21-day lockdown beginning March 27, which was later extended to early May.

The second stage of the country's four stage lockdown exit strategy begins on May 5, which allows all economic activities where effective social distancing and hygiene measures can be enforced.

Osino plans to implement stringent procedures in order to monitor and prevent the spread of the virus on resumption of field operations, it said.

Osino shares advanced 4.6% to C$0.91 in Toronto.

Contact the author at giles@proactiveinvestors.com

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Full interview: Osino Resources makes new gold discovery at their Twin Hills...

Osino Resources (CVE: OSI) Founder and CEO Heye Daun joined Steve Darling from Proactive Vancouver on Skype from South Africa with news the company has made a gold discovery at their project in Namibia. Osino releasing drill results from the Twin Hills Central area of the claim.   Daun...

on 08/26/2019

2 min read